Paytm share price today: This year, Paytm stock has fallen 45 per cent so far and significantly underperformed Nifty which has risen nearly 4 per cent during.
Paytm's stock surged to hit the 5 per cent upper circuit limit in early trade, maintaining its upward trajectory on Dalal Street. With this, Paytm shares have rebounded 16 per cent in the past just three trading sessions.
While Paytm shares had rebounded slightly to settle above the day’s low earlier, the reports of the fresh ED probe against its associate payments bank seems to have rattled investors.
SoftBank has been offloading Paytm shares regularly since at least November 2022, reducing its stake to around 5% as of January from around 18.5% during Paytm s IPO in 2021.